Carrier Global (CARR) Operating Expenses (2019 - 2026)
Carrier Global's (CARR) quarterly Operating Expenses came in at $5.6 billion in Q2 2026, up 4.95% year-over-year from $5.3 billion in Q2 2025, and up 9.41% quarter-over-quarter from $5.1 billion in Q1 2026.
Analysis
Carrier Global (CARR) Operating Expenses (2019 - 2026) Analysis & Trends
Carrier Global (CARR) has reported Operating Expenses for 8 consecutive years, with $5.6 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.95% year-over-year to $5.6 billion in Q2 2026; TTM through Jun 2026 was $20.5 billion, a 2.64% increase from a year earlier, with the FY2025 full-year figure at $19.8 billion, down 2.69% from the prior year.
- Operating Expenses was $5.6 billion for Q2 2026 at Carrier Global, up from $5.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $5.6 billion in Q2 2026 and troughed at $2.1 billion in Q4 2022.
- A 5-year average of $4.7 billion and a median of $4.8 billion in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses plunged 56.41% in 2022 and surged 98.15% in 2023, its largest moves.
- Over 5 years, Operating Expenses stood at $2.1 billion in 2022, then jumped by 98.15% to $4.1 billion in 2023, then increased by 17.06% to $4.8 billion in 2024, then grew by 0.29% to $4.8 billion in 2025, then climbed by 16.68% to $5.6 billion in 2026.
- The last three Operating Expenses figures came in at $5.6 billion (Q2 2026), $5.1 billion (Q1 2026), and $4.8 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 287.05 Mn |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 5.58 Bn |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 183.10 Mn |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | - |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 15.80 Mn |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 220.30 Mn |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 83.61 Mn |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | -197.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.58 Bn |
| Mar 31, 2026 | 5.10 Bn |
| Dec 31, 2025 | 4.78 Bn |
| Sep 30, 2025 | 5.08 Bn |
| Jun 30, 2025 | 5.32 Bn |
| Mar 31, 2025 | 4.66 Bn |
| Dec 31, 2024 | 4.77 Bn |
| Sep 30, 2024 | 5.28 Bn |
| Jun 30, 2024 | 5.31 Bn |
| Mar 31, 2024 | 5.03 Bn |
| Dec 31, 2023 | 4.07 Bn |
| Sep 30, 2023 | 4.24 Bn |
| Jun 30, 2023 | 5.17 Bn |
| Mar 31, 2023 | 4.76 Bn |
| Dec 31, 2022 | 2.06 Bn |
| Sep 30, 2022 | 4.74 Bn |
| Jun 30, 2022 | 4.50 Bn |
| Mar 31, 2022 | 4.09 Bn |
| Dec 31, 2021 | 4.72 Bn |
| Sep 30, 2021 | 4.61 Bn |